Investment - Government Expenditure, 2015

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Frequency

Annual

Date range

2001 - 2015

Publication date:

Tuesday, 29 November 2016

Accessed on:

Thursday, 09 February 2017

Next release date:

Wednesday, 29 November 2017

Uploaded by

Knoema

Description

Data are collected directly from countries using a FAO questionnaire, which was developed in partnership with the International Monetary Fund, as the IMF collects global data on government expenditures and is the international organization responsible for developing guidelines on the Classification of Functions of Government (COFOG). The FAO questionnaire obtains additional detail relevant to Agriculture and Rural Development not available from the IMF questionnaire. The FAO dataset consists of a time series, from 2000 onwards, of government expenditures in terms of expenditures in: (1) Total; (2) Economic affairs; (3) Agriculture, Forestry, Fishing and Hunting, along with its three dis aggregated sub sectors of Agriculture, Forestry and Fishing; and 4) Environmental Protection. In addition, expenditures in each detailed function are further disaggregated into recurrent and capital expenditures, the latter of which serves as a proxy for expenditures in investment goods. Additional indicators include the total share of government expenditures allocated to agriculture, and an agriculture orientation index (ratio of the total share of government expenditures to agriculture, over the total share of GDP from agricultural value-added). Though the goal is to have complete and consistent coverage for all countries, relatively low response rates for this new domain and country level differences in data collection and reporting creates some challenges in providing a complete and consistent global dataset.